Advanced Persistent Threats Market size is projected to expand from 2023 to 2032 significantly. The growth is primarily attributed to increased security breaches and cyberattacks in recent years. With enterprises and businesses rapidly switching to remote operations, criminals are exploiting increased security vulnerabilities.
The International Criminal Police Organization (Interpol) reports that the cybercriminals have shifted their target from individuals and small businesses to major corporations and government organizations. According to Cybersecurity Ventures, the global annual cost of cybercrime will reach USD 8 trillion in 2023. More so, the escalating cost of cybercrime-related damages is projected to reach USD 10.5 trillion by 2025.
The geopolitics of the Russian invasion of Ukraine has brought attention to the vulnerabilities of crucial infrastructure threats, including increased DDS attacks on infrastructure and websites (CISA Shields Up). The hacking of a Ukrainian satellite was the most concerning. This has led to an escalating demand for advanced persistent threat solutions in the country.
Increasing digitalization, cloud migration, and the subsequent rise in data generated would potentially create a lucrative outlook for the advanced persistent threats market during the forecast period. Cyberattacks not only hamper the productivity of businesses but also damage critical IT infrastructure and organizations' data. The rise in digital transactions across industries also leads to an increase in the frequency of cybercrimes. Strict government measures to boost cybersecurity and data protection will augment APT adoption.
Advanced persistent threat solutions include endpoint protection, sandboxing, IDS/IPS, SIEM, and a next-generation firewall. Among these, the advanced persistent threats market will witness increasing acceptance of sandboxing solutions. Sandboxing is used to prevent threats from entering the network. It keeps the code regulated to a test environment, ensuring no damage to the host machine or operating system. Cisco DevNet, Fortinet Sandbox, and Intel DevCloud are some famous examples of sandboxing solutions.
Europe advanced persistent threats market is estimated to grow substantially through 2032, powered by an increased number of cyber threats in the continent. Ransomware is one of the biggest cyber threats in the EU, with nearly 10 terabytes of data recorded to be stolen monthly. Phishing and Distributed Denial of Service also fall among the list of highest threats. Russia’s invasion of Ukraine has also transformed the threat landscape in Europe since 2022. The conflict has mobilized many hacktivists, cybercriminals, and state-sponsored groups. Imperatively, EU is working on numerous fronts to foster cyber-resilience, fight cybercrime, and promote cyber diplomacy and defense.
Cisco, Forcepoint (Francisco Partners), Symantec, Intel Security (McAfee), BAE Systems Applied Intelligence, Fire Eye, Fortinet, Kaspersky Lab, Webroot, Inc., Barracuda Networks, Sophos, Trend Micro, and Palo Alto Networks are among the notable players in the advanced persistent threats market. As the risk of cyberattacks continues to surge with the uptick in teleworking, companies are poised to showcase promising opportunities in the future by engaging in strategic efforts such as mergers, acquisitions, partnerships, and product launches.